Physicians Home Inc

“Physicians' home has two classes of membership, contributing members and administrative members. Contributors of $25 or more to the organization are contributing members for that fiscal year. Directors, trustees, and officers are administrative members. Both classes of members have the right to elect the board of directors, which are elected annually by a majority vote of all members.”

“Contributing members and administrative members are each entitled to one vote, in person or by proxy, to elect the board of directors, and on any other matter as determined by the board of directors. Matters are decided by the concurring vote of the majority.”

“The form 990 is prepared by an outside accounting firm, and then reviewed internally by the organization's chairman or other designated officer and the organization's outside consultant. Once this is complete, a paper copy of the form 990 is provided to all current board members for any comments. Any comments are addressed until the return is finalized and approved for filing.”

“The physicians' home conflict of interest policy covers all members of the board of directors, officers, and employees. These persons receive a statement of conflict of interest policy (which also covers confidentiality and whistleblower activities). Each person shall annually complete and sign conflict of interest policy. The conflict of interest statement requires that persons covered under the statement will disclose to the executive committee any such situation. If and when a potential conflict of interest is disclosed and determined by the executive committee, the person is expected to recuse himself/herself from the activities.”

“The organization followed a process for determining the president/ceo's salary. This was conducted by the board chairman. An outside consulting firm was asked to provide information about typical compensation for other individuals in a position similar to our president/ceos. The chairman shared the results of this study with the board members, and proposed a salary increase. Board members approved an increase in the compensation for the position from $30,000 to $50,000 per year effective october 1, 2018. The board has left the salary unchanged subsequent to october 1, 2018. Board members approved the final proposed president/ceo's salary in writing and the organization has retained their responses.”

“The form 990 is available upon request and posted on guidestar.org and similar types of websites. The forms 990, annual financial statements, conflict of interest policy, articles of incorporation, and by-laws are available upon written request from the organization at 515 madison ave., fl 8, new york, ny 10022-8606.”